Trump threatens new tariffs on Canada

BREAKING: President Trump is threatening to increase tariffs on Canada over what he called “willful negligence” related to forest fires polluting air across the U.S.
That adds a new layer of trade risk between two major North American partners.
Tariffs tied to environmental and cross-border air pollution claims would be a very unusual escalation channel.
For $CAD and North American trade exposure, the market will watch whether this remains political pressure or turns into actual tariff policy.
Either way, Canada risk is back in focus.